Heat Exchanger Equipments Sales to Grow at 9% CAGR
Increasing demand from emerging economies and
rising industrial growth to drive sales of heat exchanger equipment during next
five years
The basic
function of a heat exchanger unit is to transfer heat between hot and a cold
fluid, which are separated through a physical barrier. Heat exchangers are
essential in heat transfer applications, and are widely deployed in a number of
industries including chemical and petrochemical, HVAC and refrigeration, food
and beverage, etc.
According to a
recently published report by TechSci Research, “Global Heat Exchanger Market Forecast and Opportunities,
2019”, the global heat exchanger market revenues are
forecast to grow at a CAGR of 9% during 2014-19. The market is likely to be
driven by growing industrialization across the globe and increasing demand from
developing economies over the next five years. Moreover, the demand for HVAC
equipment is also increasing in emerging economies, largely driven by growing
urbanization in these countries. The heat exchanger market is also expected to
benefit from growing demand for replacement applications during the next five
years.
Browse 21 market data Tables and 55 data Figures spread through 186
Pages and an in-depth TOC on "Global Heat Exchanger Market"
https://www.techsciresearch.com/report/global-heat-exchanger-market-forecast-and-opportunities-2019/531.html
The report
also highlights that Shell and tube heat exchangers are among the most widely
used exchanger units in a range of industries. Plate heat exchangers are also
gaining widespread popularity due to their compact size coupled with ease of
cleaning, assembling and disassembling.
“Heat
exchanger demand from Asia-Pacific is forecast to grow at a faster rate as
compared to mature markets such as Europe and the Americas, with China and
India expected to dominate. Additionally, potential technology advancements are
expected to significantly drive the adoption of heat exchangers during the
forecast period.” said Mr. Karan Chechi, Research Director with TechSci
Research a research based global management consulting firm.
The market is
currently highly competitive due to the presence of a large number of small and
medium scale manufacturers across the globe. However, the consolidation has
already started and would start reflecting with major trends in next 3-4 years.
Some of the leading players operating in the global heat exchangers market include
Alfa Laval AB, GEA Group and Xylem Inc.
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Sample Report @ http://www.techsciresearch.com/sample-report.aspx?cid=531
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“Global Heat
Exchanger Market Forecast and Opportunities, 2019” report has
analyzed the potential of the heat exchanger market and provides statistics and
information on market sizes, shares and trends. The report will suffice in
providing intending clients with cutting-edge market intelligence and help them
in taking sound investment evaluation. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers and key challenges
faced by the heat exchanger industry across the globe.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]